HB 2238

Abstract

Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may invest or reinvest on behalf of the State. Effective immediately. Senate Floor Amendment No. 3 Deletes reference to: 15 ILCS 520/10 15 ILCS 520/11 15 ILCS 520/22.5 Adds reference to: 10 ILCS 5/2B-20 Replaces everything after the enacting clause. If and only if Senate Bill 1863 of the 101st General Assembly becomes law in the form in which it passed the House of Representatives on May 21, 2020, then amends the Election Code. In provisions concerning changes for vote by mail official ballot mailing and processing for the 2020 general election, makes changes to the panels created by election authorities to compare the voter's signature on the certification envelope of the vote by mail ballot with the signature of the voter on file in the office of the election authority. Requires a vote of 3 of 3 election judges for a vote by mail ballot to be rejected because the signature on the certification envelope and the signature used by the election authority for verification purposes do not match or the certification envelope contains a signature but not in the proper location. Requires a majority vote (rather than a vote of 3 of 3 judges) for other specified reasons. If election judges (rather than 3 of 3 election judges) determine the ballot should be rejected for any reasons stated in the provisions, requires the judges to mark across the face of the certification envelope the word "rejected" and the date and names of the judges voting to reject the ballot. Requires all collection sites for vote by mail ballots to be secured by locks that may be open only by election authority personnel and requires the State Board of Elections to establish additional guidelines for the security of collection sites. Effective upon becoming law or on the date Senate Bill 1863 of the 101st General Assembly takes effect, whichever is later.